Columbus, Ohio is a great market to invest in. I've been investing and helping clients here for years and everything keeps growing. The most important thing is to find a local team wherever you identify as your market to invest in.
@Anthony Holloway You are very smart to want to start with at least a 2-unit property, which is exactly how I got started before moving into larger apartment buildings.
Many people have suggested different cities but I think you should think about your investment goals and how that fits into your future plans.
Are you planning to move to a specific part of the country in the nearest future? Are you planning on becoming an active investor yourself in the future? These are just a few questions to consider before jumping in.
I think we're all biased towards the markets we live in, work in or invest in. That said, greater Cincinnati is also a solid market to consider. Despite appreciation (like we've seen everywhere lately) there are still affordable deals to be had and Cincinnati has a solid renter base. Northern Kentucky (which is actually where Cincinnati international airport is located) is currently seeing a lot of growth due to Amazon's 99-year lease and build up of a distribution center on airport property. Things are definitely on fire here.
That's right. Everbody is biased because they don't have information nationwide.
You get CF and appreciation in OH,KY,IN,TN,KS,AL just like you said. They're all having the same profit profile. But in case of dollar efficiency, Ohio is very interesting.
The key is buying it right.
Obviously I am biased and think Charlotte is a great option, but the where is the least important part. Honestly you just need to find a place where you can build a good team, you can make many in almost any market with the right team. Wish you the best
@Anthony Holloway I would consider Ohio as well. There are a lot of out of state investors on BP who have properties in Toledo, Cincinnati, Dayton, Cleveland, and Columbus.
Hi all - I'm also looking for the best places for cash flow in the West Palm Beach, FL area. Any advice is appreciated. :-)
Hi Anthony, we've had good luck in Maryland. Best public schools in the country, lowest insurance rates (because Maryland has low risk for blizzards/hurricanes/earthquakes/tornadoes)) and lots of military bases and permanent federal installations like NASA, NIH, FDA, Census, SS Administration, etc. that make it recession resistant. Steer clear of Baltimore City and the rest of the state has great cash flow.
@Chris Gould thank you for your recommendation! Any specific areas in Indianapolis?
@Isaura Orellana Any specific areas? I would like to add the specific areas to the excel spreadsheet I have going. Thank you for the recommendation as well!
@Kevin Smith hi Kevin! Yes definitely, I’ve been trying to network with investors locally as well. Send me your contact in private message
@Timothy Lewis thank you!
@Jingru Sui I started are aching in Atlanta over the weekend and saw those prices which is exactly what I’m looking for! Any specific areas in Atlanta would you recommend?
@Chris Gould wow I have not seen that, a property to sell for that low with rent at $1000! any specific areas in Indianapolis I should do research on?
@Phaon Spurlock yes, I’m very happy with everyone’s recommendation! I’m glad I posted this!
@Rick Bolivar thank you for the recommendation!
Anthony, what part of Los Angeles are you working from? I’m originally from the LA area – just curious
@Ola Dantis yes, I think a 2 unit is the right size as my first investment. I’m originally from NYC and I know live in LA. I work in construction and my plan is to become a full time investor, investing in different states for rentals
@Cole Simpson thank you! Yes I working on networking so build a team! Thank you for your response!!
@Rick Bolivar I work for a GC and I’m currently on a project in Crenshaw but I live in the Valley
@Ken Goodman that’s good to know! How is the landlord laws there?
As I said, steer clear of Baltimore City and you're fine. (Baltimore County is OK.)
Anyone have any insight or thoughts on Hudson valley area of New York ... specifically Newburgh?
Originally posted by @Kenneth Williams :
Hey man, I know that I'm biased because I live in Memphis. But Memphis is a good start because of the cash flow.
Totally agree with Kenneth- Memphis is notoriously a good place to invest for cash flow. Having someone that knows their way around the city in your corner helps too. Sounds like Kenneth is your guy.
Also biased - but Nashville, TN is great for investing as well.
@Anthony Holloway As you can tell from this thread, every agent who stands to gain a commission by you investing in their market has recommended (at least some of them have stated that they are biased).
You need to sit down and determine your long-term goals, and what real estate investing strategy best fits into those. If buy and hold rentals are still the right answer, then you need to determine if you prefer to play the cash flow, or appreciation game. Also, you need to set some specific criteria for your investment, and market. Then I would suggest finding a market you're either a) familiar with, b) know somebody (personally) who invests there, or c) would like an excuse to travel too.